Archive: May 2016

Next Q3 — Missing out on Millennials?

The consumer — what’s going on?  So the Next Q3 results reveal the management are of the view that ‘the poor performance of the last six weeks may be indicative of weaker underlying demand for clothing and a potentially wider slowdown in consumer spending.’ But attributing a 4.7% slump in NXT Retail sales to a wider…

Conviviality takes another step into wholesale

Conviviality vs. Majestic: Beer, Wine, and the High Street’s decline We note that Conviviality has been busy since IPO’ing at 145p in September 2013. Now at c208p, via highs of just under 240p, with two significant acquisitions under its belt in the past year (Matthew Clarke for c£200m and, today, Bibendum for £60m). The Bargain…

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